While U.S. retail electric sales declined in 2020 due to COVID-19, electric cooperatives' sales did not decline as significantly as the rest of the industry. Natural gas surpassed coal as the largest source of power for co-ops for the first time, while the share of power from renewables hit record levels in 2020. Coal is expected to rebound somewhat in the 2021 co-op retail mix due to higher gas prices and increased electricity demand, while renewable growth is expected to continue to accelerate.
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